Hard Money Jumbo Loans A jumbo mortgage, or jumbo loan, is a home loan that’s bigger than the conforming loan limits set by Fannie Mae and Freddie Mac. Also called non-conforming mortgages, jumbo loans are considered.

"The percentage of the market we believe non-conforming loans should represent is 8 to 10 per cent of the total mortgage market," he said. Before the financial crisis, non-conforming loans made up.

While its good to have this type of home loan as an option, the downside is non- conforming mortgages typically have higher interest rates and may carry some.